TRADING GLOSSARY
Current account
The current account records a country's transactions with the rest of the world in goods, services, primary income and secondary income. It includes trade, investment income and transfers such as remittances, making it broader than the trade balance.
EXAMPLE
In a hypothetical period, a $10 billion trade surplus, $3 billion net income surplus and $5 billion net transfer outflow produce an $8 billion current account surplus.
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